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Yes. A good name is better than gold- being ethical means you have nothing to hid. Nothing is following you- you will never lose a job because you were too good of a person. Well any job worth having that is!

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14y ago

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What is an ethical question in regards to globalization?

One major ethical issue with globalization is the distribution of labor and fair pay. As it stands, the lower classes are being deprived of decent-paying, dignified jobs.


When is a business decision legal but not ethical?

In business there is no room for ethics. --------------------- An example might be a situation where the law allows you to work your labor for a virtually unlimited number of hours. It's legal but not ethical. Another example might be firing workers who were injured on the job, may be legal but not ethical. Another example, paying women lower pay for the same work, just because they are women. Legal in many cases but not ethical.


What are the costs of unethical behavior?

If you expect to have repeat business from a customer or other businesses (suppliers, advisors, etc) your reputation is everything. If you expect to be in business for a long time, your reputation is everything. You build a reputation by treating people fairly according to the agreed on terms, delivery dates, quality, etc. All of which is ethical behavior. If you treat your customers and suppliers unethically eventually you will pay a price. When you need their help you won't get it, if you hit a rough spot in businesses they won't help. If there are supply shortages of materials others will get those materials. Suppliers talk to each other, they talk to credit bureaus all of which hurt your business. Sometimes unethical behavior rises to the level of illegal behavior and you can be held accountable. Fraud (which has many forms) is a form of unethical behavior that can be illegal. Breech of contract can lead to civil penalties. Price fixing, collusion, discrimination can all lead to legal issues and penalties.


What was the effect of installment buying on the economy during the 1920's?

This helped people buy things and pay for them over a period of time. If someone didn't have all the money at one time they could pay it off week by week until they could pay it off


What is the relation between economic decision and technical decision?

Technical decisions can provide insight into economic decisions that need to be made. Technology can be used to discover outcomes and determine how long it will take to pay something off, such as a mortgage.